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May 27, 2020

Russia
Russia's Complex Oil Reality

This is a guest post by Hunter Kornfeind, intern for Energy and Climate Policy at the Council on Foreign Relations and current student at Temple University. Russia is coping with a new reality fro…

Workers stand next to a logo of Russia's Rosneft oil company at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia.

May 14, 2020

Coronavirus
The Elements Unfold: A Possible Bottom to Oil Prices

The process of going into lockdown due to the coronavirus pandemic has been revealing, especially in regards to oil. There are many elements to the smooth operation of global oil logistics that are n…

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020.

May 1, 2020

South Korea
Women This Week: South Korea Elects Record Number of Women

Welcome to “Women Around the World: This Week,” a series that highlights noteworthy news related to women and U.S. foreign policy. In the coming weeks the series will explore how the COVID-19 pandemi…

Women wearing masks to prevent contracting COVID-19 cast their ballots for the parliamentary election at a polling station in Seoul, South Korea.

April 20, 2020

Financial Markets
OPEC Plus’ Zero-Sum Oil Game

Prior to the U.S. invasion of Iraq in 2003, international sanctions had severely curtailed Iraq’s oil industry. Oil production sat at 1.4 million barrels a day (b/d). Iraq’s beleaguered refining indu…

The Suezmax sized oil tanker Karvounis lies at anchor south of Port Fourchon, Louisiana, U.S.

April 6, 2020

Oil and Petroleum Products
Oil Ground Zero: Running Out of Storage

In recent days, the Donald J. Trump administration appears to have been sending mixed messages about oil. Typically, low oil prices can be a stimulus to the U.S. economy, but that is in situations wh…

 A local mural takes on new meaning while a United Parcel Service (UPS) delivery truck pauses at a traffic light, as the spread of coronavirus disease (COVID-19) continues in Washington, U.S., March 27, 2020.

March 19, 2020

Oil and Petroleum Products
Oil Price War: Is U.S. Shale The First To Blink?

As the oil price war continues, markets are hanging on every word coming from Washington, Moscow and Riyadh, amid signs that diplomacy could be afoot. A statement by the Kremlin’s presidential spokes…

Sarah Mandel (R) of Chadds Ford, Pennsylvania, and representing the organization Food and Water Watch, holds a banner as she takes part in a small anti-fracking protest in front of the White House in Washington November 3, 2015. Thanks to the fracking boom that has helped boost U.S. oil production 80 percent since 2008 and slashed the country's crude imports, the U.S. Strategic Petroleum Reserve is brimming. The world's largest supply of government-owned emergency oil holds 695 million barrels, the equivale

March 10, 2020

Saudi Arabia
Why Current Saudi-Russia Oil Price War Is Not Déjà Vu

It’s happened several times before: geopolitical tensions between Saudi Arabia and Russia have led to a dramatic drop in oil prices in years past. But the breakdown in Saudi-Russian cooperation in oi…

A gas station worker wearing a protective face mask sits next to a petrol station, after Saudi Arabia imposed a temporary lockdown on the province of Qatif following the spread of coronavirus, in Qatif, Saudi Arabia March 9, 2020. REUTERS/Stringer

June 21, 2019

Venezuela
Stabilizing Venezuela: Preparing for the Day After

Frank O. Mora is director of the Kimberly Green Latin American and Caribbean Center and professor of politics and international relations at Florida International University. There seems to be no …

Opposition supporters unload humanitarian aid from a truck that was set on fire after clashes between opposition supporters and Venezuela's security forces February 2019

February 13, 2020

Diplomacy and International Institutions
The Corrosion of World Order in the Age of Donald Trump

Can the world still work together to address today’s most pressing global challenges? A broken economic order, Trump’s incoherent foreign policy, and the corrosion of trust offer little to be optimis…

An American flag is illuminated in the empty U.S. Capitol rotunda in Washington, U.S. on January 24, 2020.

April 24, 2019

Venezuela
Trump’s Misguided Policies Are a Gift to Venezuela’s Maduro

Punishing allies won’t help to rally international support for the restoration of democracy.

U.S. President Donald Trump speaks about the crisis in Venezuela during a visit to Florida International University in Miami, Florida, U.S., February 18, 2019.